3. PenFed Credit Union Personal Loan

PenFed Credit Union gives personal loans up to $50,000, and you can get the money in 1-2 business days through direct deposit. Anyone can apply, but you need to join the credit union before accepting an offer. Members enjoy low rates and discounts on financial products.

PenFed Credit Union Personal Loan

To apply for a quick personal loan online, you may need to log in or sign up during the rate-checking stage. While membership isn’t required for checking rates, you’ll need it to proceed with an offer.


After approval and verification, if you choose direct deposit, you’ll get your funds in 1-2 days. If you opt for a physical check, it may take up to seven business days.


  • No upfront fees or charges for paying off the loan early.
  • Ability to prequalify for various offers without impacting your credit score.
  • Option to include co-borrowers in the loan application.
  • Flexibility in making monthly or bi-weekly payments if using a PenFed checking account.


  • A late payment fee of $29 is imposed if payment is more than five days overdue.
  • Membership in the credit union is a requirement to accept the loan offer.

Flip to the next page to find other best lenders for fast personal loans and fast cash in 2024.